Pay day loan company licence : get yourself a licence to supply loans that are payday borrowers in Alberta

Pay day loan company licence : get yourself a licence to supply loans that are payday borrowers in Alberta

An online payday loan means:

  • any development of cash having a principal of $1,500 or less and a term of 62 times or less manufactured in trade for a post-dated cheque, a pre-authorized debit or the next re re payment of an equivalent nature, not for just about any guarantee, suretyship, overdraft security or safety on home and never via a margin loan, pawnbrokering, a personal credit line or a charge card. […]